[ Nominal GDP in billions of USD ]
Year -
$1.18 billions
Samoa GDP expanded from 1970 to 2024, increasing from $0.05 billion to $1.18 billion.The compound annual growth rate (CAGR) averaged 6.03% over the period. The economy recorded its peak level in 2024 and its lowest level in 1970. Growth volatility remained high. The maximum drawdown reached 23.08%, indicating the largest cyclical decline from peak levels. The country experienced 10 recession episode(s) during the observed period.
| Metric | Nominal GDP (Current USD) | GDP (PPP, Int$) |
|---|---|---|
| Latest Year | 2024 | 2024 |
| Latest GDP | $ 1.18 Billions | $ 1.90 Int Billions |
| Growth (YoY) | 12.522% | 7.281% |
| Net Change vs Previous Year | $ 0.13 Billion | $ 0.13 Int Billion |
| % of World GDP | 0.00% | 0.00% |
| Meaning | Nominal GDP (Current USD, exchange-rate based) | GDP (PPP, cost-of-living adjusted) |
| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | - | - | - | - | - | - |
| 1961 | - | - | - | - | - | - |
| 1962 | - | - | - | - | - | - |
| 1963 | - | - | - | - | - | - |
| 1964 | - | - | - | - | - | - |
| 1965 | - | - | - | - | - | - |
| 1966 | - | - | - | - | - | - |
| 1967 | - | - | - | - | - | - |
| 1968 | - | - | - | - | - | - |
| 1969 | - | - | - | - | - | - |
| 1970 | 0.05 | - | - | - | - | - |
| 1971 | 0.05 | 0.01 | 18.827 % | - | - | - |
| 1972 | 0.06 | 0.01 | 16.468 % | - | - | - |
| 1973 | 0.08 | 0.02 | 31.785 % | - | - | - |
| 1974 | 0.09 | 0.01 | 13.458 % | - | - | - |
| 1975 | 0.09 | 0 | -0.064 % | - | - | - |
| 1976 | 0.09 | -0.01 | -9.077 % | - | - | - |
| 1977 | 0.1 | 0.01 | 15.638 % | - | - | - |
| 1978 | 0.11 | 0.01 | 10.1 % | - | - | - |
| 1979 | 0.12 | 0.01 | 12.968 % | - | - | - |
| 1980 | 0.13 | 0 | 2.854 % | - | - | - |
| 1981 | 0.12 | -0.01 | -6.009 % | - | - | - |
| 1982 | 0.12 | 0 | 2.564 % | - | - | - |
| 1983 | 0.11 | -0.01 | -7.72 % | - | - | - |
| 1984 | 0.11 | 0 | -2.38 % | - | - | - |
| 1985 | 0.1 | -0.01 | -12.48 % | - | - | - |
| 1986 | 0.1 | 0.01 | 5.625 % | - | - | - |
| 1987 | 0.11 | 0.01 | 10.665 % | - | - | - |
| 1988 | 0.13 | 0.02 | 19.068 % | - | - | - |
| 1989 | 0.12 | -0.01 | -7.614 % | - | - | - |
| 1990 | 0.13 | 0 | 2.342 % | 0.36 | - | - |
| 1991 | 0.13 | 0 | -0.134 % | 0.37 | 0 | 1.004 % |
| 1992 | 0.13 | 0.01 | 5.339 % | 0.37 | 0.01 | 2.074 % |
| 1993 | 0.13 | 0 | 0.62 % | 0.4 | 0.02 | 6.567 % |
| 1994 | 0.22 | 0.09 | 66.086 % | 0.4 | 0 | -0.461 % |
| 1995 | 0.22 | 0 | 1.704 % | 0.43 | 0.04 | 8.91 % |
| 1996 | 0.25 | 0.03 | 11.136 % | 0.47 | 0.04 | 9.141 % |
| 1997 | 0.29 | 0.04 | 14.232 % | 0.48 | 0.01 | 2.379 % |
| 1998 | 0.27 | -0.02 | -5.601 % | 0.5 | 0.02 | 3.343 % |
| 1999 | 0.26 | -0.01 | -5.224 % | 0.52 | 0.02 | 3.631 % |
| 2000 | 0.26 | 0 | 1.35 % | 0.56 | 0.04 | 7.474 % |
| 2001 | 0.27 | 0.01 | 2.876 % | 0.61 | 0.05 | 9.808 % |
| 2002 | 0.28 | 0.02 | 5.817 % | 0.66 | 0.04 | 7.294 % |
| 2003 | 0.33 | 0.05 | 18.324 % | 0.7 | 0.05 | 7.29 % |
| 2004 | 0.41 | 0.07 | 22.29 % | 0.74 | 0.04 | 5.859 % |
| 2005 | 0.48 | 0.07 | 16.936 % | 0.82 | 0.07 | 9.983 % |
| 2006 | 0.5 | 0.02 | 4.849 % | 0.86 | 0.04 | 5.282 % |
| 2007 | 0.57 | 0.07 | 14.727 % | 0.89 | 0.03 | 3.208 % |
| 2008 | 0.64 | 0.07 | 11.821 % | 0.94 | 0.05 | 5.551 % |
| 2009 | 0.63 | -0.01 | -2.08 % | 0.94 | 0 | 0.072 % |
| 2010 | 0.68 | 0.05 | 8.321 % | 1.01 | 0.07 | 7.414 % |
| 2011 | 0.74 | 0.06 | 9.384 % | 1.07 | 0.06 | 5.992 % |
| 2012 | 0.77 | 0.03 | 3.903 % | 1.05 | -0.02 | -1.939 % |
| 2013 | 0.8 | 0.02 | 3.181 % | 1.07 | 0.02 | 1.811 % |
| 2014 | 0.8 | 0 | -0.132 % | 1.09 | 0.03 | 2.413 % |
| 2015 | 0.82 | 0.03 | 3.448 % | 1.15 | 0.05 | 4.814 % |
| 2016 | 0.84 | 0.02 | 2.399 % | 1.25 | 0.1 | 9.01 % |
| 2017 | 0.88 | 0.04 | 4.849 % | 1.29 | 0.04 | 3.222 % |
| 2018 | 0.88 | -0.01 | -0.723 % | 1.31 | 0.02 | 1.667 % |
| 2019 | 0.91 | 0.03 | 3.928 % | 1.39 | 0.08 | 6.176 % |
| 2020 | 0.87 | -0.04 | -4.827 % | 1.37 | -0.03 | -1.821 % |
| 2021 | 0.86 | -0.01 | -1.054 % | 1.36 | -0.01 | -0.708 % |
| 2022 | 0.89 | 0.03 | 3.47 % | 1.49 | 0.13 | 9.558 % |
| 2023 | 1.04 | 0.16 | 17.464 % | 1.78 | 0.29 | 19.38 % |
| 2024 | 1.18 | 0.13 | 12.522 % | 1.9 | 0.13 | 7.281 % |
Between 1970 to 2024, Samoa experienced the following economic phases:
The most remarkable growth occurred in 1994 with an increase of 66.086%, while the largest decline was in 1985 at -12.48%.